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Wesco Aircraft Holdings, Inc. (“Wesco Aircraft” or the “Company”) (NYSE:
WAIR), a leading provider of comprehensive supply chain management
services to the global aerospace industry, today announced results for
its fiscal first quarter ended December 31, 2012.

Highlights

Revenue of $211.2 million, up 9.7% compared to $192.6 million in the
prior year

Net Income of $18.4 million, with Diluted Earnings Per Share of $0.19

Adjusted Net Income of $24.1 million, with Adjusted Diluted Earnings
Per Share of $0.25

Full year 2013 guidance unchanged for sales of $865 to $890 million,
Diluted EPS of $1.08 to $1.12, and Adjusted Diluted EPS of $1.14 to
$1.19.

Fiscal 2013 First Quarter Results

Revenue for the first fiscal quarter was $211.2 million, an increase of
9.7% compared to $192.6 million in the prior year period. The increase
in the North America segment was 10.3% which was mainly driven by the
Interfast acquisition. Wesco again demonstrated strong international
growth during the quarter with revenues in the Rest of World segment
increasing by 32.9% compared to the prior year. In the first quarter, Ad
Hoc, JIT and LTA sales as a percentage of net sales represented 40%, 26%
and 34%, respectively, compared to 35%, 31% and 34%, respectively, for
the same period last year.

Net income for the first quarter was $18.4 million, resulting in Diluted
Earnings Per Share of $0.19. This compares to $23.2 million, or $0.24
per share in the prior year period. The reduction in Diluted Earnings
Per Share was primarily the result of a write-off of deferred financing
costs associated with the recent refinancing of the Company's debt and
credit facilities (approx. $0.03 per share) and integration costs
associated with the recent acquisition of Interfast ($0.01 per share).
Excluding these and other unusual items, Adjusted Net Income was $24.1
million and Adjusted Earnings Per Share was $0.25 in the first quarter
of 2013 as compared to $24.3 million or $0.26 per share in the prior
year period. The current year period benefitted from higher sales,
primarily due to the Interfast acquisition, and a lower tax rate.
Offsetting these benefits were lower gross margins due to changes in the
hardware sales mix as well as lower margin electronic product sales
growing more rapidly than our hardware sales along with the addition of
SG&A costs associated with the Interfast business.

Wesco Aircraft’s Chairman, President and Chief Executive Officer, Randy
Snyder said, “Our first quarter results were strong and give us high
confidence in our full year guidance for sales growth and earnings per
share. We are experiencing high levels of activity in bookings,
additions to our current contracts, and contract signings with new
customers, which adds to our optimism for the rest of the year and
beyond. The Interfast integration is also going very well and exceeding
my expectations. None of this would be achievable without our strong
customer relationships, the support of our suppliers and the dedicated
efforts of the best employees in the business.”

Financial Outlook

Based on our performance during the first quarter, Wesco reiterates its
guidance for 2013 and expects full year revenues to be between $865 and
$890 million, representing a growth rate of approximately 11% to 15%
over 2012 results. Diluted EPS and Adjusted Diluted EPS are expected to
be in the range of $1.08 to $1.12, and $1.14 to $1.19, respectively.

Conference Call Information

Wesco Aircraft will also hold a conference call to discuss its first
quarter results at 5:00 p.m. EST on January 29, 2013. The conference
call can be accessed by dialing 866-825-3308 (domestic) or 617-213-8062
(international). Participants will need to enter passcode 41826718.

Following the live webcast, a replay will be available on the Company’s
website for one year. A telephonic replay will also be available
approximately one hour after the conference call and may be accessed by
dialing 888-286-8010 (domestic) or 617-801-6888 (international) and
entering passcode 57269261. The telephonic replay will be available
until February 5, 2013.

About Wesco Aircraft

Wesco Aircraft is one of the world's largest distributors and providers
of comprehensive supply chain management services to the global
aerospace industry. The Company’s services range from traditional
distribution to the management of supplier relationships, quality
assurance, kitting, just-in-time delivery and point-of-use inventory
management. The Company believes it offers the world’s broadest
inventory of aerospace parts, comprised of more than 500,000 different
stock keeping units, including hardware, bearings, tools, electronic
components and machined parts. Wesco Aircraft has more than 1,200
employees across 41 locations in 12 countries.

Wesco utilizes and discusses Adjusted Net Income, Adjusted Basic EPS,
Adjusted Diluted EPS and Adjusted EBITDA, which are non-GAAP measures
our management uses to evaluate our business, because we believe they
assist investors and analysts in comparing our performance across
reporting periods on a consistent basis by excluding items that we do
not believe are indicative of our core operating performance. We believe
these metrics are used in the financial community, and we present these
metrics to enhance investors’ understanding of our operating
performance. You should not consider Adjusted EBITDA and Adjusted Net
Income as an alternative to Net Income, determined in accordance with
GAAP, as an indicator of operating performance. Adjusted Net Income,
Adjusted Basic EPS, Adjusted Diluted EPS and Adjusted EBITDA are not
measurements of financial performance under GAAP, and these metrics may
not be comparable to similarly titled measures of other companies. See
below for a reconciliation of Adjusted Net Income, Adjusted Basic EPS,
Adjusted Diluted EPS and Adjusted EBITDA to the most directly comparable
financial measures calculated and presented in accordance with GAAP.

Forward Looking Statements

Certain information in this news release contains forward-looking
statements with respect to the Company’s financial condition, results of
operations or business or its expectations or beliefs concerning future
events. Such forward-looking statements include the discussions of the
Company’s business strategies and the Company’s expectations concerning
future operations, revenues, earnings per share, margins, profitability,
liquidity and capital resources. In some cases, you can identify
forward-looking statements by terminology such as “guidance,” “may,”
“will,” “could,” “should,” “forecasts,” “expects,” “intends,” “plans,”
“anticipates,” “projects,” “outlook,” “believes,” “estimates,”
“predicts,” “potential,” “continue,” “preliminary,” or the negative of
these terms or other comparable terminology. Although the Company
believes that such forward-looking statements are reasonable, it cannot
assure you that any forward-looking statements will prove to be correct.
Such forward-looking statements involve risks, uncertainties, estimates
and assumptions that may cause the Company’s actual results, performance
or achievements to be materially different than those set forth in this
news release. Additional information relating to factors that may cause
actual results to differ from the Company’s forward-looking statements
can be found in the Company’s filings with the Securities and Exchange
Commission, including the Company’s Annual Report on Form 10-K for the
fiscal year ended September 30, 2012 filed on November 30, 2012. The
Company undertakes no obligation to update or revise forward-looking
statements after the day of the release as a result of new information,
future events or developments except as required by law.

Exhibits

Exhibit 1:

Consolidated Statements of Income (Unaudited)

Exhibit 2:

Condensed Consolidated Balance Sheets (Unaudited)

Exhibit 3:

Condensed Consolidated Statements of Cash Flows (Unaudited)

Exhibit 4:

Non-GAAP Financial Information (Unaudited)

Exhibit 1

Wesco Aircraft Holdings, Inc.

Consolidated Statements of Income (UNAUDITED)

(In thousands, except for per share data)

Three Months Ended

December 31, 2012

December 31, 2011

Net sales

$

211,170

$

192,554

Cost of sales

137,070

119,282

Gross profit

74,100

73,272

Selling, general and administrative expenses

34,725

28,193

Income from operations

39,375

45,079

Interest expense, net

(11,377

)

(6,514

)

Other expense, net

(155

)

(22

)

Income before provision for income taxes

27,843

38,543

Provision for income taxes

(9,417

)

(15,365

)

Net income

$

18,426

$

23,178

Net income per share:

Basic

$

0.20

$

0.25

Diluted

$

0.19

$

0.24

Weighted average shares outstanding:

Basic

92,514

91,198

Diluted

95,179

94,979

Exhibit 2

Wesco Aircraft Holdings, Inc.

Condensed Consolidated Balance Sheets (UNAUDITED)

(In thousands)

December 31, 2012

September 30, 2012

Assets

Cash and cash equivalents

$

39,734

$

60,856

Accounts receivable, net

129,667

130,013

Inventories

572,731

557,216

Other current assets

53,764

53,944

Deferred income taxes

32,396

32,872

Total current assets

828,292

834,901

Long-term assets

702,586

702,515

Total assets

$

1,530,878

$

1,537,416

Liabilities and Stockholders’ Equity

Accounts payable

$

72,862

$

79,940

Other current liabilities

14,758

19,788

Income taxes payable

2,843

2,078

Long-term debt—current portion

21,250

-

Capital lease obligations—current portion

1,085

593

Total current liabilities

112,798

102,399

Long-term debt

593,750

626,000

Capital lease obligations

1,342

205

Deferred income taxes

57,647

55,445

Total Long-term liabilities

652,739

681,650

Total liabilities

765,537

784,049

Total stockholders’ equity

765,341

753,367

Total liabilities and stockholders’ equity

$

1,530,878

$

1,537,416

Exhibit 3

Wesco Aircraft Holdings, Inc.

Condensed Consolidated Statements of Cash Flows (UNAUDITED)

(In thousands)

Three Months Ended

December 31, 2012

December 31, 2011

Cash flows from operating activities

Net income

$

18,426

$

23,178

Adjustments to reconcile net income to net cash provided by
operating activities

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